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South Cook News

Saturday, November 23, 2024

Analysis: Chicago Heights pays $3.77 for every $1 pensioners contribute to Chicago Heights Police Pension Fund

Budget01

Taxpayers contributed 78.9 percent of the $3,203,965 the Chicago Heights Police Pension Fund brought in last year, or $3.77 for every $1 from pension members, according to a South Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Chicago Heights contributed $2,527,866 to the fund, which saw a $970,962 increase in revenue over 2015. Members contributed $669,631, or 20.9 percent, in 2016. Another $6,468 came from other unspecified sources.

Chicago Heights Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,707,443$1,738,526$1,531,964$1,622,163$2,527,86648%
Pension members$671,610$621,775$639,304$686,964$669,631-0.3%
Other Revenue$0$64,145$30,451-$76,124$6,468-
Total$2,379,053$2,424,446$2,201,719$2,233,003$3,203,96534.7%

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